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Economy

Commodity

Commodity News

IRON ORE FALLS AS FUTURES PLUNGE The spot price of iron ore dropped, extending last week’s selloff, paced by a plunge in Chinese iron and steel futures. Ore with 62 percent content shed 2.5 percent to $US57.02 a ton on …

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Commodity

Commodity News

EDIBLE OIL PRODUCERS WORRIED OVER 5PC GST Oilseeds will attract 5 percent tax under goods and services tax, unlike most other agricultural produce such as grains and pulses that have been exempted under the new regime that is set to …

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Commodity

Commodity News

OIL SLIPS AFTER TURMOIL SURROUNDING DONALD TRUMP Oil is getting ensnared in the turmoil surrounding Donald Trump just as signs emerge that US crude production which has undercut OPEC’s output curbs is finally easing. Oil prices slipped on Thursday as …

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Commodity

Commodity News

WORLD OIL TO RISE FASTER, US OUTPUT TO HIT A RECORD The Energy Information Administration (EIA) said last week, US domestic output will climb to a record 9.96 million barrels a day in 2018, up from 9.9 million barrels projected …

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Commodity

Commodity News

GOLD LOGS LOWEST END IN A MONTH Gold prices closed on Wednesday at their lowest level in about a month, then fell further in electronic trading as the dollar strengthened against currency rivals following the Federal Reserve’s monetary policy statement. …

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Commodity

Commodity News

EDIBLE OIL PRODUCERS TO CUT PRICES BY 15PC In a major relief for consumers, edible oil producers are looking to cut their product prices by up to 15 percent effective immediately to pass on the similar fall in global markets …

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Ballooning trade deficit

Pakistan’s trade deficit rose to $23.38 billion during the first nine months (July-March 2017) of the current fiscal year, up by 38.80 percent from $16.84 billion for the same period a year before. Provisional trade data released by the Pakistan …

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Commodity

Commodity News

GOLD, SILVER RECORD LOWER Gold and silver prices on the Multi Commodity Exchange (MCX) were trading lower in early trade on Thursday on account of weak demand of precious metals from jewellers, retailers and industries. The yellow metal was trading …

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